Synallagmatic Contract:
A civil law term for a reciprocal or bilateral contract: one in which both parties provide consideration. A contract of sale is a classic example, where one party provides money and the other, goods or services.
Expanded Legal Definition of SuretySynallagmatic Contract A civil law term for a reciprocal or bilateral contract: one in which both parties provide consideration.
Contracts
Option (legal term)
Trading Stamps and Coupons (legal term)
Synallagmatic contract
Nudum pactum
Daulia Ltd v Four Millbank Nominees Ltd
New Zealand Shipping Co Ltd v A M Satterthwaite & Co Ltd ...
parties are bound to fulfil obligations reciprocally towards each other; Lec. Elem. §781; as a contract of sale, where one becomes bound to deliver the, thing sold, and the other to pay the price of it. Vide Contract; Synallagmatic contract.
 See also: Term, Cause, Trial, Will, Statutes
  
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